Kingsoft Cloud CFO on China AI Trends
Bloomberg Insight
Henry He, CFO at Kingsoft Cloud, discusses the trends and opportunities with AI in China. He speaks with Bloomberg's Stephen Engle on the sidelines of the World Economic Forum in Tianjin. (Source: Bloomberg)
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
26 minutes ago
- Yahoo
Meta's recruiting blitz claims three OpenAI researchers
In the fight for top AI talent, Meta just reportedly snagged a win, poaching three OpenAI researchers despite rival Sam Altman's public mockery of Mark Zuckerberg's lavish hiring tactics. The latest victory in Zuckerberg's widely-reported recruiting blitz: Lucas Beyer, Alexander Kolesnikov, and Xiaohua Zhai – who established OpenAI's Zurich office – have joined Meta's superintelligence team, the WSJ reports, suggesting Zuckerberg's methods can deliver. As Altman, the CEO of OpenAI, first revealed in a recent podcast with his brother Jack, Zuckerberg has been dangling $100+ million compensation packages in an effort to lure top talent from OpenAI. The Journal subsequently reported that Zuckerberg has been personally WhatsApping hundreds of top AI researchers, coordinating targets through his 'Recruiting Party ' chat before hosting dinners at his homes in Palo Alto and Lake Tahoe. The strategy is producing mixed results. Zuckerberg recently bagged Scale AI's CEO Alexandr Wang with a $14 billion investment, making the 28-year-old one of tech's priciest hires ever. But bigger game has eluded the Meta CEO, says the WSJ, including OpenAI co-founders Ilya Sutskever and John Schulman, both of whom have gone one to co-found newer startups. In that podcast, Altman said of Zuckerberg's charm campaign: 'I'm really happy that, at least so far, none of our best people have decided to take him up on [those offers].' Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
29 minutes ago
- Yahoo
Satya Nadella: The hardest part of AI isn't the tech. It's getting people to change how they work.
Satya Nadella said the biggest challenge with AI is getting people to change the way they work. Workflow needs to change with AI, the Microsoft CEO said. Tech leaders have been divided on whether AI will create new roles or cause mass job destruction. For Microsoft's CEO, Satya Nadella, the biggest challenge with AI isn't building or deploying it — it's getting people to change the way they work. Work processes need to shift with tech advancements, Nadella said during a fireside chat hosted by Y Combinator. "When someone says, 'I'm going to now do my job, but with 99 agents that I am directing on my behalf,' the workflow is not going to be constant," he said. "Even the scope of your job is going to change." Change management is the main bottleneck, Nadella said in the conversation, which was published Thursday. He pointed to LinkedIn, which Microsoft owns, as an example of how AI is already reshaping roles. The company has started merging traditionally separate functions — like product design, front-end engineering, and product management — into a single role: the "full-stack builder." "That's a change in scope of even a job," he said. "How do you then rebuild the product team with new roles, new scopes?" Microsoft said in May that it plans to cut about 6,000 jobs, which is less than 3% of its global workforce. A spokesperson said that these cuts were not performance-driven. Business Insider reported in April that these cuts are intended to reduce the number of middle managers and increase the ratio of coders versus noncoders on projects. Microsoft organizations want to increase their "span of control," or the number of employees who report to each manager. Nadella did not respond to a request for comment from Business Insider. Tech leaders have been divided on whether AI will create new roles or cause mass job destruction. Jensen Huang, the CEO of chipmaker Nvidia, said AI will change everyone's jobs. "It's changed mine," he told reporters on the sidelines of Vivatech in Paris in June. He also said that some roles would disappear, but that AI could unlock creative opportunities. Dario Amodei, the CEO of AI startup Anthropic, warned that AI may eliminate 50% of entry-level white-collar jobs within the next five years. "We, as the producers of this technology, have a duty and an obligation to be honest about what is coming. I don't think this is on people's radar," Amodei told Axios in an interview published in May. To cope with the changes, executives say everyone — from the C-suite down — needs to use AI. Amazon's CEO told employees to get with the AI program in a public staff memo last week. "As we go through this transformation together, be curious about AI, educate yourself, attend workshops and take trainings, use and experiment with AI whenever you can," Andy Jassy wrote. He also said that AI is changing the company's workflow, and that it is going to "reduce" the company's workforce in the next few years. LinkedIn's cofounder, Reid Hoffman, said AI should be baked into every team's day-to-day work, whether at a five-person startup or a giant company. Read the original article on Business Insider Sign in to access your portfolio
Yahoo
35 minutes ago
- Yahoo
Cigna Enhances myCigna Platform With AI Assistant, Personalized Care, Cost Tools
The Cigna Group (NYSE:CI) is one of billionaire Leon Cooperman's top stock picks with huge upside potential. On June 12, Cigna Healthcare, the health benefits arm of The Cigna Group (NYSE:CI), revealed new digital capabilities designed to enhance the consumer experience during routine health insurance interactions. The myCigna member interface will be used to gradually roll out the new technologies, which include a virtual assistant driven by AI, personalized provider matching, real-time cost tracking, intelligent claim submission, and assistance with plan selection. The AI-powered virtual assistant offers tailored responses to inquiries concerning benefits, claims, and available care options, according to Cigna Healthcare. According to preliminary findings, more than 80% of clients who had access to the virtual assistant found it useful. Additionally, in order to help customers with complicated health needs have their administrative problems resolved more quickly, The Cigna Group (NYSE:CI) is investing in centralized agent teams and increasing access to dedicated My Personal Champion advocates. The Cigna Group (NYSE:CI) specializes in providing insurance and associated services in the United States, such as pharmaceutical benefits, home delivery pharmacy, and specialty pharmacy distribution. While we acknowledge the potential of CI as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. Read More: and Disclosure: None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
